Shoppers Stop to expand affordable fashion footprint

[Bilgin]

Shoppers Stop to expand affordable fashion footprint Shoppers Stop plans to expand its value format chain Intune to 10 stores, targeting the lower-end segment of the apparel market in India. The new format will sell private labels and focus on affordable products for women, children, and men. The company's profit after tax for Q2 fell 41% from the previous year, while sales grew 4%. Demand for apparel retail has moderated since Diwali 2022, but the company expects demand to return to normal in the second half of the year.